On October 24, the Federal Reserve Board released two proposals to update its supervisory stress testing framework, seeking comment on enhanced model transparency, disclosure processes, and proposed ...

Sullivan & Cromwell LLP announced today that Adrienne A. Harris, Superintendent of the New York State Department of Financial Services (“DFS”) from August 2021 through October 2025, has re-joined the ...

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On October 7, 2025, the FDIC and the OCC jointly issued a proposal to define the term “unsafe or unsound practice” under section 8 of the FDIA (12 U.S.C. § 1818.

FDIC and OCC Issue NPR to Eliminate ‘Reputation Risk’ from Supervisory Programs ...

On September 29, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an immediately effective interim final rule (referred to as the “Affiliates Rule”) which amends ...

Summary The federal government shutdown commenced at midnight on October 1, 2025, and proposals to reopen the government failed on October 3, extending the shutdown further into the fourth quarter. On ...

President Trump signed an Executive Order titled “Guaranteeing Fair Banking for All Americans.” The Order states that “[i]t is the policy of the United States that no American should be denied access ...

Sixth Circuit Clarifies Critical Issues Regarding Reliance and Damages at Class Certification in Securities Fraud Case ...

IRS Announces Intent to Partially Withdraw Previously Proposed Regulations and Provides Interim Guidance Including Revised Rules Governing Domestic Transactions, Troubled Companies and Acquiring ...

n a speech delivered at the 25th anniversary gala for the University of Delaware’s Weinberg Center for Corporate Governance on October 9, the Chair of the SEC, Paul Atkins, stated that “[t]he view ...

LONDON (SEPTEMBER 1, 2025) – Sullivan & Cromwell LLP announced today the next step forward in its global strategic plan to enhance and expand its private capital, restructuring and leveraged finance ...